Koei Tecmo Holdings Co Ltd
TSE:3635

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Koei Tecmo Holdings Co Ltd
TSE:3635
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Price: 1 651 JPY -2.91%
Market Cap: ¥554.9B

EV/OCF

16.5
Current
13%
Cheaper
vs 3-y average of 19

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.5
=
Enterprise Value
¥497.5B
/
Operating Cash Flow
¥28.8B

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
16.5
=
Enterprise Value
¥497.5B
/
Operating Cash Flow
¥28.8B

Valuation Scenarios

Koei Tecmo Holdings Co Ltd is trading below its 3-year average

If EV/OCF returns to its 3-Year Average (19), the stock would be worth ¥1 892.08 (15% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+27%
Average Downside
1%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 16.5 ¥1 651
0%
3-Year Average 19 ¥1 892.08
+15%
5-Year Average 21 ¥2 094.44
+27%
Industry Average 14 ¥1 394.36
-16%
Country Average 11.4 ¥1 136.66
-31%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
JP
Koei Tecmo Holdings Co Ltd
TSE:3635
568.1B JPY 16.5 15.2
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 25.4 34.2
CN
NetEase Inc
NASDAQ:NTES
73B USD 6.8 14.9
JP
Nintendo Co Ltd
TSE:7974
9.6T JPY 44.9 23.9
SG
Sea Ltd
NYSE:SE
47.2B USD 7.6 29.9
US
Electronic Arts Inc
NASDAQ:EA
50.7B USD 19.5 74.6
US
Roblox Corp
NYSE:RBLX
42.2B USD 22.6 -39.7
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.4B USD 60.7 -10.2
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
125.1B CNY 14.9 33.2
JP
Konami Holdings Corp
TSE:9766
2.7T JPY 20.4 31.8
JP
Nexon Co Ltd
TSE:3659
2.1T JPY 7.5 23.3
P/E Multiple
Earnings Growth PEG
JP
Koei Tecmo Holdings Co Ltd
TSE:3635
Average P/E: 31.2
15.2
-1%
N/A
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
CN
NetEase Inc
NASDAQ:NTES
14.9
14%
1.1
JP
Nintendo Co Ltd
TSE:7974
23.9
26%
0.9
SG
Sea Ltd
NYSE:SE
29.9
27%
1.1
US
Electronic Arts Inc
NASDAQ:EA
74.6
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -39.7 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.2 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
33.2
104%
0.3
JP
Konami Holdings Corp
TSE:9766
31.8
22%
1.4
JP
N
Nexon Co Ltd
TSE:3659
23.3
18%
1.3

Market Distribution

Higher than 71% of companies in Japan
Percentile
71th
Based on 4 586 companies
71th percentile
16.5
Low
0 — 8.2
Typical Range
8.2 — 16.2
High
16.2 —
Distribution Statistics
Japan
Min 0
30th Percentile 8.2
Median 11.4
70th Percentile 16.2
Max 277 515 327.6

Koei Tecmo Holdings Co Ltd
Glance View

In the bustling realm of digital entertainment, Koei Tecmo Holdings Co Ltd has carved a distinct niche, blending historic narratives with action-packed gameplay. Originating from the fusion of two innovative entities, Koei, known for its rich historical simulations, and Tecmo, famed for engaging sports-themed games and the legendary Dead or Alive franchise, the company has matured into a formidable force within the gaming industry. It operates by weaving compelling storylines with highly immersive gameplay mechanics. This dual legacy shines brightly in cornerstone series like Dynasty Warriors and Samurai Warriors, where players are transported into fictional recreations of historical battles, giving history enthusiasts and gamers alike an enticing mix of education and entertainment. Profit generation for Koei Tecmo hinges significantly on its mastery of intellectual property and cross-platform versatility. By astutely leveraging its renowned franchises to create sequels, spin-offs, and expansive updates, the company ensures a steady stream of revenue. Moreover, Koei Tecmo's collaboration with other industry giants to develop new games under their established brands, such as the popular Hyrule Warriors collaboration with Nintendo, exemplifies strategic partnerships that enhance its market presence. The company has embraced digital distribution and in-game transactions, capitalizing on the evolving consumer preference for convenient access and additional content. This multifaceted approach underscores Koei Tecmo's ability to adapt modern business models, maintaining its competitive edge and reinforcing its longstanding reputation in the gaming world.

Intrinsic Value
1 379.59 JPY
Overvaluation 16%
Intrinsic Value
Price ¥1 651
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